I used to be a lot more focused on the $ price of #Bitcoin.

I used to see $ price as a justification of value.

And while I only ever dabbled in Shitcoins, my justification by $ price mentality (Greed) validated coins like ETH in my mind, whose $ price has gone up over time.

This “justification by $ price” mentality clouded my judgement… ETH’s $ price went up, so clearly I misunderstood something about ETH’s value proposition.

ETH’s $ price even outperformed #Bitcoin over certain timeframes.

Better to stay open minded about ETH I thought.

Who was I to judge the ETH origin story, or the pre-mine, or the DAO crisis, or the planned transition to Proof of Stake?

The $ price of ETH was going up like a rocket… like #Bitcoin’s $ price.

So some seeming minor diversification into ETH away from #BTC “made sense”.

In hindsight, my mistake was in allocating too much credibility to the Dollar Price of #Bitcoin , which really has nothing to do with how or why #Bitcoin  can help humanity… I then applied this Fiat thinking to Shitcoins like ETH.

I only say all this to help the #Bitcoin community understand something.

Our obsession with the Dollar price of #Bitcoin is probably giving people the justification they need to consider Shitcoins… because the Dollar price of those coins go up too.

At some point, we should stop and check ourselves when we overly emphasize the Dollar price of #Bitcoin.

When we obsess about the $ price of #Bitcoin we are unwittingly giving false justification for considering Shitcoins.

It’s important for all #Bitcoin Plebs to remember that Satoshi created #Bitcoin’s rules and design without the Dollar in mind.

#Bitcoin is independent of Fiat rules.

#Bitcoin has always been about Proof of Work and free market price discovery (difficulty adjustments).